Consumer sentiment rises to 99.3 in mid-June reading, inflation becoming a concern

Consumer sentiment rose slightly in early June to 99.3 due to consumers' more favorable assessments of their current financial situation and more favorable views of current buying conditions for household durables. The Expectations Index, in contrast, declined to its lowest level since the start of the year due to less favorable prospects for the overall economy. The sharpest divide was between the record number of households who mentioned recent income gains and the highest expected year-ahead inflation rate since 2015.

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